Arvind (NSE:ARVIND) Days Inventory : 156.08 (As of Sep. 2024)

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What is Arvind Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Arvind's Average Total Inventories for the three months ended in Sep. 2024 was ₹18,300 Mil. Arvind's Cost of Goods Sold for the three months ended in Sep. 2024 was ₹10,699 Mil. Hence, Arvind's Days Inventory for the three months ended in Sep. 2024 was 156.08.

The historical rank and industry rank for Arvind's Days Inventory or its related term are showing as below:

NSE:ARVIND' s Days Inventory Range Over the Past 10 Years
Min: 123.29 Med: 155.54 Max: 230.89
Current: 156.15

During the past 13 years, Arvind's highest Days Inventory was 230.89. The lowest was 123.29. And the median was 155.54.

NSE:ARVIND's Days Inventory is ranked worse than
61.02% of 1003 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 128.77 vs NSE:ARVIND: 156.15

Arvind's Days Inventory declined from Sep. 2023 (181.89) to Sep. 2024 (156.08).

Inventory Turnover measures how fast the company turns over its inventory within a year. Arvind's Inventory Turnover for the three months ended in Sep. 2024 was 0.58.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Arvind's Inventory-to-Revenue for the three months ended in Sep. 2024 was 0.84.

Arvind Days Inventory Historical Data

The historical data trend for Arvind's Days Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Arvind Days Inventory Chart

Arvind Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Inventory

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123.29

155.10

130.25

139.46

155.97

Arvind Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Inventory	Get a 7-Day Free Trial															181.89	188.46	116.12	206.05	156.08

Competitive Comparison of Arvind's Days Inventory

For the Textile Manufacturing subindustry, Arvind's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Arvind's Days Inventory Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Arvind's Days Inventory distribution charts can be found below:

* The bar in red indicates where Arvind's Days Inventory falls into.

Arvind Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Arvind's Days Inventory for the fiscal year that ended in Mar. 2024 is calculated as

	Days Inventory (A: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (16489.9	+	19859.9)	/	2 )	/	42533.7	*	365
=	18174.9					/	42533.7	*	365
=	155.97

Arvind's Days Inventory for the quarter that ended in Sep. 2024 is calculated as:

	Days Inventory (Q: Sep. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (0	+	18299.8)	/	1 )	/	10698.5	*	365 / 4
=	18299.8					/	10698.5	*	365 / 4
=	156.08

Arvind (NSE:ARVIND) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

Arvind's Inventory Turnover for the three months ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	10698.5	/	18299.8
	=	0.58

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Arvind's Inventory to Revenue for the three months ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	18299.8	/	21883.1
	=	0.84

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Arvind Days Inventory Related Terms

Thank you for viewing the detailed overview of Arvind's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Arvind Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Arvind Ltd (NSE:ARVIND) » Definitions » Days Inventory

Traded in Other Exchanges

500101:India

Address

Naroda Road, Ahmedabad, GJ, IND, 380025

Website

https://www.arvind.com

Arvind Ltd is a textile company. It is engaged in manufacturing Denim, Cotton shirting, knits and bottom weights (Khakis) fabrics, and Jeans and shirt garments. Its business segments are Textile, Advanced Material, and Others. The key contributor to the company's revenue is the Textiles business which offers fabrics, garments, and fabric retail. The Advanced Material segment offers human protection fabric and garments, industrial products, advanced composites, and automotive fabrics. The company sells its products in India and the rest of the world.

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